Publication

This publication argues that the World Bank as well as the International Monetary Fund are in decline for four reasons. The first is that the institutions' income is diminishing. The second problem is that their main clients no longer want to borrow from them. The third issue is that conditionality does not work followed by the fourth, which is that their advice on economic policy is not seen as impartial by their member countries. In a second part the author outlines four ways the institutions could reform.